The case involves an application (IA No. 4520 of 2021) filed by MK Overseas Exports Pvt. Ltd., a lessee of Corporate Debtor MK Overseas Pvt. Ltd., seeking extension/renewal of a lease deed for a property in Punjab. The lease deed was effective from 2018-11-01 and expired on 2021-09-30. The applicant requested the Resolution Professional (RP) of the Corporate Debtor to renew the lease for an integrated abattoir-cum-meat processing plant. The RP stated that the resolution plan had been approved by the Committee of Creditors (CoC) and a CoC meeting for lease renewal was not possible.
MK Overseas Exports Pvt. Ltd. filed an application (IA No. 4520 of 2021) as a lessee of Corporate Debtor MK Overseas Pvt. Ltd. seeking extension/renewal of a lease deed for property located in Punjab. The lease deed was effective from 2018-11-01 and expired on 2021-09-30. The applicant requested the Resolution Professional (RP) of the Corporate Debtor to renew the lease for an integrated abattoir-cum-meat processing plant. The RP stated that the resolution plan had been approved by the Committee of Creditors (CoC) and a CoC meeting for lease renewal was not possible. The RP argued that the lease deed was a sham document and payments were made to ex-directors of the Corporate Debtor. The applicant contended that they had invested 4.5 Crores in the project. The
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Lease Deed was executed…
Lease Deed…
The case involves an application (IA No. 4520 of 2021) filed by MK Overseas Exports Pvt. Ltd., a lessee of Corporate Debtor MK Overseas Pvt. Ltd., seeking extension/renewal of a lease deed for a property in Punjab. The lease deed was effective from 2018-11-01 and expired on 2021-09-30. The applicant requested the Resolution Professional (RP) of the Corporate Debtor to renew the lease for an integrated abattoir-cum-meat processing plant. The RP stated that the resolution plan had been approved by the Committee of Creditors (CoC) and a CoC meeting for lease renewal was not possible.
MK Overseas Exports Pvt. Ltd. filed an application (IA No. 4520 of 2021) as a lessee of Corporate Debtor MK Overseas Pvt. Ltd. seeking extension/renewal of a lease deed for property located in Punjab. The lease deed was effective from 2018-11-01 and expired on 2021-09-30. The applicant requested the Resolution Professional (RP) of the Corporate Debtor to renew the lease for an integrated abattoir-cum-meat processing plant. The RP stated that the resolution plan had been approved by the Committee of Creditors (CoC) and a CoC meeting for lease renewal was not possible. The RP argued that the lease deed was a sham document and payments were made to ex-directors of the Corporate Debtor. The applicant contended that they had invested 4.5 Crores in the project. The
…Lease Deed was executed…
Lease Deed…